Avalanche [AVAX]: Despite these developments, bulls face resistance

ambcrypto.com:

The Avalanche [AVAX] network has maintained robust development activity in the last seven days even as the market volatility slowed down. Here’s a look at how the network has performed this week in terms of development activity.

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Avalanche’s social dominance just achieved a new weekly high in the last 24 hours, confirming that the network is receiving a lot of attention. Its development activity metric also registered sharp growth in the last seven days, confirming that developers have been busy.

Source: Santiment

But what has been driving a surge in this development activity and social volume? There have been multiple announcements so far this week that are likely behind the above outcomes. Among those factors is a recap of how demand for native Bitcoin [BTC] grew on the Avalanche network in June 2022.